Derek will deposit $4,080.00 per year for 11.00 years into an account that earns 12.00%. Assuming the first deposit is made 6.00 years from today, how much will be in the account 39.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places.
Derek will deposit $4,080.00 per year for 11.00 years into an account that earns 12.00%. Assuming the first deposit is made 6.00 years from today, how much will be in the account 39.00 years from today? Submit Answer format: Currency: Round to: 2 decimal places.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:Derek will deposit $4,080.00 per year for 11.00 years into an account that earns 12.00%. Assuming the first deposit is
made 6.00 years from today, how much will be in the account 39.00 years from today?
Submit
Answer format: Currency: Round to: 2 decimal places.
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